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About us

 

Ironwood, through its various subsidiaries and operating companies, currently employs over 15 full-time employees and several part-time employees and contract workers in numerous locations around the globe.  Ironwood has offices in Atlanta and Guam.

The Ironwood team brings extensive finance and real estate experience to Ironwood projects.

 
 
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Representative transactions

Below is a list of sample transactions that Ironwood has completed in the past to provide examples of the types of projects Ironwood undertakes.  It is not a complete list of all of Ironwood's closed transactions. 

 

Guam Education Financing Foundation, Inc.

Ironwood's principals formed Guam Education Financing Foundation (GEFF)  that designed, built, financed and leased back 4 new schools to the Government of Guam.  The schools include 2 elementary schools, a middle school and a high school.  Financing was arranged through the securitization of funds from the Department of the Interior.  The financial closing occurred in October 2006 and all schools with site access were ready for occupancy Fall 2008. In 2015, GEFF completed a 60,000 square foot, $22 million expansion of Okkodo High School.

 

ironwood saipan

In 2015 Ironwood completed the construction and lease up of Ironwood Saipan, an 80 unit affordable housing community on the island of Saipan, in the Commonwealth of the Northern Mariana Islands. The community features an energy efficient design with a 375 kilowatt photovoltaic array. The project was financed with affordable housing tax credits.

 

Ironwood Estates Guam, LLC.

In 2005, Ironwood began development of Ironwood Estates comprised of 108 affordable housing units in Dededo, Guam. The community was designed as a single-family home subdivision to accommodate the local market preferences. Ironwood was able to utilize an existing failed subdivision and finance the project with a combination of private financing and affordable housing tax credits. Since then, Ironwood has completed 4 additional communities on Guam containing 326 housing units.  All of these projects have been well-received and are fully occupied.

 

Pruvient Energy Guam Investments, Inc.

In 2003, Ironwood led a team to acquire the Tanguission Power Plant from Mirant Corporation. The Tanguission Power Plant is a 50 Megawatt oil-fired steam turbine plant located in Dededo, Guam. Pruvient owned and operated the plant and improved operations so that Tanguisson provided the highest availability of any plant in the Guam grid. In 2016 Pruvient sold the plant to Guam Power Authority.

 

Mills loft

In 2003, Ironwood syndicated and invested 90% of the equity for Mill’s Mill Lofts, a conversion of a historic mill into 105 loft condominiums in Greenville, SC. The project was completed,  sold out and produced an annualized internal rate of return in excess of 30% for Ironwood investment partners.

 

Public/private partnerships

 

We believe that appropriately planned and executed public/private partnerships maximize each sector's strengths as well as providing the following benefits:

  • Reduces development risk
  • Reduces public capital investment
  • Mobilizes excess or underutilized assets
  • Improves efficiencies/quicker completion
  • Improves service to the community
  • Improves cost effectiveness
  • Shares resources
  • Shares/allocated risks
  • Provides mutual rewards